23.10.2015 - Firms question how carbon levy will fund California rail project
Private firms looking to build California's $68 billion high-speed train system have concerns about the state's ability to finance some of the project's cost through an untested 'cap-and-trade' carbon trading levy. The doubts, mentioned in correspondence to the state and reviewed by Reuters through a public records request, are not likely to stall financing for the United States' largest infrastructure project, but indicate a tentativeness among firms to use the money as a stand-alone money-generating tool...............................................Full Article: Source
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